Bharat Road Network Ltd. (BRNL) AI Stock Analysis

• Market Cap: ₹1.61B
• Dividend Yield: N/A
• Average Volume (3M): 71.47K
• Price to Earnings (P/E): 0.9
• Beta (1Y): 1.09
• Revenue Growth: -43.40%
• EPS Growth: N/A
• Country: IN
• Employees: 166
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Infrastructure Operations
• EPS (TTM): 1.22
• Shares Outstanding: 83,950,000
• 10 Day Avg. Volume: 67,224
• 30 Day Avg. Volume: 71,475
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹21.00
• Price Target Upside: 9.83% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: ₹21.00 ▲(9.83% Upside)

Bharat Road Network Ltd.'s stock score is weighed down by financial instability and bearish technical indicators. The significant leverage and inconsistent revenue growth present financial risks. Despite a low P/E ratio suggesting potential undervaluation, the absence of a dividend yield limits its appeal for income investors.

Bharat Road Network Ltd. Business Overview & Revenue Model

Company Description

Bharat Road Network Ltd. (BRNL) is an Indian infrastructure development company operating primarily in the road and highway sector. The company is involved in the development, implementation, operation, and maintenance of road and highway projects. BRNL focuses on creating efficient and sustainable road infrastructure to enhance connectivity and support economic growth across regions. It engages in projects under the Public Private Partnership (PPP) model, contributing to the country's infrastructure expansion and modernization efforts.

How the Company Makes Money

BRNL makes money through several revenue streams primarily focused on the development and management of road infrastructure projects. A significant portion of its revenue comes from toll collection from the highways and roads it operates. The company enters into long-term concession agreements with government entities, allowing it to build, operate, and maintain road projects, and in return, collect toll fees from users. Additionally, BRNL may receive annuity payments from government bodies as part of certain projects, providing a steady income stream. It also benefits from partnerships and joint ventures with other infrastructure companies, enhancing its capacity to undertake large-scale projects. Furthermore, government incentives and support for infrastructure development, including viability gap funding, contribute to its financial performance.

Bharat Road Network Ltd. Financial Statement Overview

Summary

Bharat Road Network Ltd. shows signs of potential financial turnaround with improved net profit margin and positive free cash flow growth. However, the company faces challenges with high leverage, inconsistent revenue growth, and operational inefficiencies.

Income Statement

Bharat Road Network Ltd. has experienced significant volatility in its revenue and profitability metrics over recent years. The net profit margin improved substantially in the latest year, turning positive after a series of losses, indicating a potential turnaround. However, the negative EBIT and fluctuating EBITDA margins reflect operational inefficiencies and cost management challenges. Revenue growth has been inconsistent, with significant declines in recent periods.

Balance Sheet

The company exhibits a high debt-to-equity ratio, indicating significant leverage and potential financial risk. Improvements in stockholders' equity are noteworthy, but the equity ratio remains low, suggesting limited asset backing by equity. Return on equity showed improvement due to positive net income in the latest year, but historical losses have impacted overall financial stability.

Cash Flow

Cash flow metrics show some resilience, with consistent operating cash flow generation over the years. The free cash flow growth rate is positive in the latest year, though it has been unstable historically. The company demonstrates an acceptable operating cash flow to net income ratio, suggesting reasonable cash generation relative to earnings. However, the free cash flow to net income ratio reflects potential variability in cash generation capabilities.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2020
Income Statement
Total Revenue	2.74B	3.80B	3.26B	2.16B	2.99B
Gross Profit	1.27B	2.88B	2.42B	1.39B	2.31B
EBITDA	2.62B	1.49B	269.31M	-452.03M	2.13B
Net Income	1.41B	-1.12B	-2.10B	-3.76B	-159.73M
Balance Sheet
Total Assets	14.35B	27.34B	27.06B	28.46B	33.24B
Cash, Cash Equivalents and Short-Term Investments	2.23B	2.76B	2.22B	609.29M	907.22M
Total Debt	4.34B	13.28B	14.13B	14.92B	15.56B
Total Liabilities	10.12B	24.48B	23.07B	22.44B	22.13B
Stockholders Equity	3.31B	1.90B	3.02B	5.09B	10.01B
Cash Flow
Free Cash Flow	246.94M	2.60B	2.51B	-63.20M	817.36M
Operating Cash Flow	768.53M	3.65B	2.59B	219.49M	2.38B
Investing Cash Flow	-518.32M	-2.08B	807.52M	1.96B	-1.57B
Financing Cash Flow	-620.46M	-2.14B	-2.50B	-2.33B	-858.27M

Bharat Road Network Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 19.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BRNL, the sentiment is Negative. The current price of 19.12 is below the 20-day moving average (MA) of 20.34, below the 50-day MA of 21.12, and below the 200-day MA of 33.40, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 36.13 is Neutral, neither overbought nor oversold. The STOCH value of 29.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BRNL.

Bharat Road Network Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPPINFRA	71 Outperform	₹5.70B	7.84		―	-0.58%	-12.30%
INDBANK	61 Neutral	₹1.44B	18.59		―	-5.33%	-24.84%
Sector *	54 Neutral	C$45.05M	57.91	15.08%	4.51%	1.39%	-26.37%
BRNL	49 Neutral	₹1.61B	0.94		―	-43.40%	―

Bharat Road Network Ltd. Corporate Events

Bharat Road Network Limited Announces Trading Window Closure

Bharat Road Network Limited announced the closure of its trading window in compliance with the SEBI regulations on insider trading. This measure is taken to ensure transparency and prevent insider trading ahead of the release of the company’s unaudited financial results for the quarter ending June 30, 2025. The trading window will remain closed until 48 hours after the financial results are announced, impacting all insiders including directors and designated persons.